Have you ever wondered whether or not
you need a branch-office license to work out of your home?
An article in Texas Realtor magazine answers that
“It depends on the activities the agent
performs in their homes. Section 1101.552 of the Real Estate License Act
provides that if a broker maintains more than one place of business, the broker
must obtain a branch-office license for each additional office besides the
brokers main office.
TREC rule Section 535.112 defines a
"place of business" as a place where the licensee meets with clients
and customers to transact business. If an agent meets with clients or customers
at the agent's home to transact business, then the broker should obtain a
branch-office license for that home. Conversely, if the agent never meets with
a client or customer at the agent's home to transact business, then no branch-office
license would be required”.
Author:Kerry Downs Phone: 972-400-8563 Dated: May 1st 2014 Views: 1,163 About Kerry: Kerry owned and operated a successful business in the Real Estate and home improvement industry for ...
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